ISO 31000 is an international standard that provides principles and guidelines for effective risk management. It is widely used by organizations to identify, assess, and address risks in a structured and systematic manner. The framework applies to any organization, regardless of size, sector, or industry, and supports decision-making at all levels.
Principles: ISO 31000 is based on a set of principles that aim to make risk management effective and integrated into organizational processes. These principles include:
The framework provides a structured process to ensure that risk management is embedded in all aspects of an organization. Key components include:
Adaptable to the size and complexity of the organization
Applicable to a wide range of industries (e.g., IT, finance, healthcare, and government).
Promotes awareness and a security-first mindset among employees.
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